Job Description

To start, grow, and succeed, small businesses must understand proper financial management and prepare their business to access capital. The Financial Specialist is critical in assisting clients with financial management, planning, and loan readiness.

Specialty Responsibilities

In addition to general advisor responsibilities, the Financial Specialty may perform the following financial-specific activities:

• Financial Assessment: Assess the client's financial goals and financial knowledge strengths and gaps. Help the client develop a plan for financial success.
• Financial counseling: Assist clients with preparing financial statements, loan packages, and cash flow projections
• Financial analysis: Analyze financial data and assist clients with developing financial projections. Assess typical questions asked in underwriting
• Business planning: Assist clients with developing business plans and marketing plans
• Business Banking: Help clients determine and access banking needs including interviewing a bank and setting up a business banking account
• Loan Packaging: Assist clients with loan packaging for a loan or line of credit including document development, and telling the financial story. Documents for presentation typically include Business Plans, applicants personal and business Financial Statements, Cash Flow Projections, Bank Statements, Tax Returns, Collateral, Permits, and Insurance.
• Financial Management: Assist client in developing day-to-day financial management including budget management, account reconciliations, and purchase order and invoice processing
• Credit Strategies: Assist the client with strategies to improve credit for access to capital

Specialty Skills and Qualifications

• Knowledge of Financial Statements and Financial Analysis.
• At least 3 years' experience in Small Business Lending. Previous experience Underwriting Small Business Loans Preferred.
• Ability to assess and analyze the performance of a business
• Deep knowledge of Financial Management for Small Businesses

Employment Details

• Employment Status: Non-Exempt, Hourly, Part Time
• Hours: Flexible work days. 10-hour minimum advising hours per week. 30-minute lunch
• Pay: $60 - $65 per hour
• Location: Hybrid (Main office is 3255 Wilshire Blvd., Suite 1501, Los Angeles, CA 90010 & Satellite Office is 1051 West Rosecrans Ave Compton, CA 90222)
• Phone Number: 213-674-2696 Office
• Supervisor: SVP/Program Manager, Director PCR SBDC

Physical Demands and Work Environment

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the functions.

While performing the duties of this position, the employee is regularly required to talk or hear. The employee frequently is required to use hands or fingers; handle or feel objects, tools, or controls. The employee is occasionally required to stand; walk; sit; and reach with hands and arms. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this position include close vision, distance vision, and the ability to adjust focus. The noise level in the work environment is usually low to moderate.

Specialty Responsibilities

In addition to general advisor responsibilities, the Financial Specialty may perform the following financial-specific activities:

• Financial Assessment: Assess the client's financial goals and financial knowledge strengths and gaps. Help the client develop a plan for financial success.
• Financial counseling: Assist clients with preparing financial statements, loan packages, and cash flow projections
• Financial analysis: Analyze financial data and assist clients with developing financial projections. Assess typical questions asked in underwriting
• Business planning: Assist clients with developing business plans and marketing plans
• Business Banking: Help clients determine and access banking needs including interviewing a bank and setting up a business banking account
• Loan Packaging: Assist clients with loan packaging for a loan or line of credit including document development, and telling the financial story. Documents for presentation typically include Business Plans, applicants personal and business Financial Statements, Cash Flow Projections, Bank Statements, Tax Returns, Collateral, Permits, and Insurance.
• Financial Management: Assist client in developing day-to-day financial management including budget management, account reconciliations, and purchase order and invoice processing
• Credit Strategies: Assist the client with strategies to improve credit for access to capital

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